Global Markets - Latest Developments


Long Beach, Calif., May 15, 2013

SpaceTech Expo (www.spacetechexpo.com ) the West Coast’s premier space industry event, has increased the free seminars and sessions available to its attendees by expanding its free-to-attend Satellite & Space Summit and Open Tech Forum.  “Against the backdrop of tough travel budgets for industry and government, we want to offer unrivalled value to the spacecraft and launch industry,” says Guy Harris, Event Director for Space Tech Expo 2013. “That is why on top of our premium Space Tech Conference for C-level business people, we have expanded the free-to-attend Satellite & Space Summit, and free Open Tech Forum.”

Singapore, May 14, 2013

CASBAA’s annual Satellite Industry Forum will take place on 17 June 2013 at the Shangri-La, Singapore. The Association’s comprehensive forum on the thriving satellite market in the Asia-Pacific will examine An Industry in Transition this year, highlighting key issues top-of-mind with stakeholders in the region.

Middletown, RI, May 13, 2013

KVH Industries, Inc. announced that it has acquired Headland Media Limited, a UK-based media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets.

Singapore, May 10, 2013

Singaporean telco StarHub has reported a 3 percent rise in Q1 net profit to US$73.24 million (S$91 million) compared with the same period a year ago. However, its group operating revenue for the period fell 2 percent to US$466.83 million (S$580 million) while EBITDA grew 3 percent to US$146.47 million (S$182 million) from US$142.45 million (S$177 million) previously.

Sydney, Australia,  May 9, 2013

Mobile satellite communications company Inmarsat has acquired TC Communications Pty Ltd. based in Australia. Inmarsat will integrate the company into its existing operations with a particular focus on supporting its expanding Global Government and Enterprise Business Units, according to a company statement.

Washington, D.C., May 9, 2013

Intelsat S.A. reported revenues of US$ 655.1 million and a net loss of US$ 7.8 million, or $0.09 per share, during the first quarter of 2013.  Intelsat also reported an EBITDA or earnings before net interest, taxes and depreciation and amortization, of US$ 496.8 million, and Adjusted EBITDA1 of US$ 505.8 million, or 77 percent of revenue, for the first quarter. The company said it has contracted backlog amounting to $10.4 billion at the end of the quarter.

Singapore, May 8, 2013

BroadcastAsia2013 International Conference, Asia’s most established conference for the film and TV industries, returns this June with 120 speakers from 31 countries/regions, its largest ever speaker line-up. More than a hundred case studies will be presented from 18 June to 21 June 2013 at Marina Bay Sands Singapore.

Longmont, Colo., May 8, 2013

DigitalGlobe, Inc. has reported first-quarter loss of $60.6 million or $0.96 per share, compared to a profit of $3.8 million or $0.08 per share in the same period last year. First quarter 2013 revenue increased 47 percent to $127.6 million, although it disappointed analysts who expected revenues of up to $136.80 million.

Petah Tikva, Israel, May 8, 2013

Gilat Satellite Networks Ltd. said revenues rose 8 percent to US$ 82.8 million while EBITDA increased to US$ 5.1 million, up 74 percent, during the first quarter of 2013.

On a non-GAAP basis, Gilat said its operating income for the first quarter of 2013 was $1.0 million compared to an operating loss of $0.3 million in the first quarter of 2012. Net loss for the period on a non-GAAP basis was $0.3 million, or $0.01 per diluted share, compared to net loss of $0.8 million, or $0.02 per diluted share, in the comparable period in 2012.

Paris, France, May 8, 2013

Eutelsat Communications posted US$422.76 million (€322.9 million) revenues for the third quarter of fiscal year 2012-2013, up 4.6 percent, and recorded nine-month revenues of  US$1.25 billion (€956.5 million), up 5 percent from the same period last year.

The European satellite operator said it now has a record backlog of US$7.2 billon (€5.5 billion) with revenue outlook for FY 2012-2013 in the 5-6 percent range and an EBITDA margin of around 77.5 percent.